Provision on the modification of terms & conditions:
Nordea Investment Funds S.A. (NIFSA) reserves the right to modify these terms and conditions on this website at any time, with immediate effect and without prior notice. If the terms and conditions are amended you will be required to read and accept these terms and conditions again.
Restrictions of Website:
The information on this website should not be accessed by any person or entity in any jurisdiction or country where, by reason of that person’s nationality, residence or otherwise, the publication or availability of this website is prohibited. Persons accessing this website are required to inform themselves about and observe any relevant restrictions. NIFSA does not accept any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. NIFSA cannot be held responsible for any damages or losses that occur from transactions and/or services in violation of the relevant rules of the purchaser’s home jurisdiction. This website is in particular exclusively reserved for non-US Persons*. The information in this website is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of “US Persons.”
* US Persons are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US citizens living abroad may also be deemed “US Persons” under certain rules.
Issuer of the website:
This website is issued and operated by Nordea Investment Funds S.A. (NIFSA), 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, which is authorized by the Luxembourg supervisory authority Commission de Surveillance du Secteur Financier in Luxembourg. NIFSA is registered with the commercial register in Luxembourg (Registre de commerce et des sociétés; or “RCS”) under company number B 31619.
MiFID:
Please note that UCITS management companies, which do not provide additional and non-core services within the meaning of article 5(3) of the UCITS Directive in principle are not covered by MiFID rules (EU Directive 2014/65/EU, dated 15 May 2014, on markets in financial instruments and its implementing measures). Therefore does NIFSA not warrant or guarantee that the materials and information contained on this website are compliant with the marketing requirements of the MiFID Directive, except where compelled by local laws and regulations.
Qualification of the website:
This website is considered marketing communication and contains general information about NIFSA, the NIFSA managed funds which are available to your investor type and in your country/jurisdiction and Nordea Asset Management. This website does neither amount to an investment advice nor does it constitute i) a recommendation to invest in any financial product, investment structure or instrument, ii) tax advice, to enter into or unwind any transaction or to participate in any particular trading strategy. This website is not an offer to buy any security. Consequently, the information contained herein will be superseded in its entirety by contractual arrangement in its final form entered into for the purpose of an investment in a NIFSA managed fund. Any investment decision should therefore only be based on the final legal documentation, without limitation and if applicable, contractual arrangement, any relevant prospectus and the latest Key Investor Information Document (KIID) relating to the investment.
Information about the funds and availability of the statutory documents:
The sub-funds mentioned on this website are part of one of the following investment funds:
UCITS-SICAVs:
Nordea 1, SICAV, Nordea 2, SICAV or Nordea Fund of Funds, SICAV, all open-ended Luxembourg-based investment companies with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”), validly incorporated and existing in accordance with Part I of the Luxembourg law of 17 December 2010 on undertakings for collective investment in transferable securities (Law of 17 December 2010);
UCITS-FCPs:
Nordea International Fund or Nordea Asset Allocation Fund, both unincorporated mutual investment funds (“fonds commun de placement”) constituted in Luxembourg and governed by Part I of the Law of 17 December 2010 and organised as described in the respective prospectus;
SICAV-SIF:
Nordea Dedicated Investment Fund SICAV- FIS, Nordea Specialised Investment Fund, SICAV-FIS or Nordea Institutional Investment Fund, SICAV-FIS, all qualifying as specialised investment funds (“fonds d’investissement spécialisés”), taking the form of an investment company with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”) under the Luxembourg law of 13 February 2007 relating to specialized investment funds. Such funds are Alternative Investment Funds within the meaning of the Directive 2011/61/EU (“AIFM Directive”) and therefore subject to the requirements of the AIFM Directive as implemented in Luxembourg law through the Law of 12 July 2013 on Alternative Investment Fund Managers as may be amended from time to time;
The legal documents, including the current prospectus and Key Investor Information Document (KIID), are available in English and in the local language of the market where the aforementioned funds are authorised for distribution, without charge upon request, from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, or from our distributors. Further information can be obtained from your financial advisor. He/she can advise you independently on Nordea Investment Funds S.A. and the funds managed by it.
Local specific provisions:
This website is only for professional investors in Luxembourg investing for their own account – according to MiFID definition.
Generic statement about risks, performance and comparisons:
The value of shares/units of the funds mentioned herein and any income from them may vary over time and you may not recover the invested amount.
Investments in derivative and foreign exchange transactions may be subject to significant fluctuations which may affect the value of an investment. Investments in Emerging Markets and alternative products involve a higher element of risk. For further details of investment risks associated with Nordea funds, please refer to the relevant prospectus or Key Investor Information Document (KIID), where applicable, available as described above. For further details of investment risks associated with each respective sub-fund investment, please refer to the relevant Key Investor Information Document (KIID), available as described above.
Estimates of future returns or indications of past performance shown on this website are for information purposes only and are not reliable indicators for future performance. Past performance is not a reliable indicator of future results and investors may not recover the full amount invested. There can be no warranty that an investment objective, targeted returns and results of an investment structure is achieved. Comparison with other financial products or benchmarks is only meant for indicative purposes.
Tax matters:
The levels of and relief from taxation of both, the fund and/or the individual investor may change. Investors should take into account their tax status together with the effects of any anticipated investment. The tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future.
Limitation of liability regarding accuracy / completeness of the information:
Whilst NIFSA will use every reasonable effort to ensure that the information contained on this website is accurate as at the date of publication of such materials, can no guarantee of the accuracy, suitability or completeness of any such information or the availability be given.
Neither NIFSA nor any other person accepts any liability whatsoever for any loss/damage (direct or consequential) arising from any use of this website or its contents, to third (3rd) party websites or otherwise arising in connection therewith.
Provision about specific content and functionalities e.g. views / research / hyperlink to third (3rd) party:
The website of NIFSA may contain links to other third-party websites that you may access following links from this website. NIFSA accepts no responsibility for the information provided on any such sites and assumes no responsibility for any illegal, inaccurate or incomplete content on the website to which the user has been referred, especially in cases where any damages result from the use or non-use of such incorrect information.
The hyperlinks on this website are only provided for convenience and information purposes. NIFSA is not responsible for the content of external internet websites that link to or are accessible from this website. NIFSA does not assume any responsibility or liability with respect to any website accessed through this website.
Unless otherwise stated, all views expressed are those of NIFSA, these views do not constitute investment or any other advice.
Copyright provisions:
The entire content of this website is subject to copyright with all rights reserved to Nordea Investment Funds S.A. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of NIFSA.
AML & CTF provisions:
Nordea Investment Funds S.A. is committed to prevent Money Laundering and Counter Terrorist Financing in accordance with the legal framework enforced by the European Union (“equivalent country”) and in particular with the Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Accordingly we may need additional information to verify your identity and carry out appropriate security checks.
Operational capabilities of the website:
NIFSA will use every reasonable effort to keep this website operational at all times but no guarantee can be given. Whilst NIFSA uses every reasonable effort to ensure that the website is free from viruses and defects is it your responsibility to ensure that the correct equipment is used to protect from anything that might damage it when using this website.
Email provisions:
The user of the website is reminded that the confidentiality of e-mail messages sent via the public network cannot be guaranteed. We recommend the user to avoid forwarding personal data or other confidential messages to NIFSA via e-mail. NIFSA or other service providers are not liable to carry out orders or instructions submitted via public e-mail. NIFSA is entitled, if requested by the user, to provide general information via e-mail to the e-mail address defined by the user. NIFSA shall neither be responsible nor liable for losses or damages occurred by any disappearance or transformation of such a message.
January 2019
Nordea Asset Management Data Privacy Policy
We, Nordea Asset Management, are fully committed to protecting your individual rights and keeping your personal data safe. In this Privacy Policy we describe the collection, usage, storage and sharing practices of personal data.
Nordea Asset Management (“NAM”) is the functional name of the asset management business owned by NAM Holding and conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Management AB and their branches, subsidiaries and representative offices. Within NAM, the data controller will be either Nordea Investment Management AB and/or Nordea Investment Funds S.A or their subsidiaries.
You can visit https://www.nordea.com/en/about-nordea/contact/ for a full overview of Nordea entities and their current contact information.
We process individuals’ personal data for a number of reasons. When we write «you», we mean you as a data subject in your role as a customer, our customer’s employee or representative, a potential customer’s employee, collaboration partner, insight provider or other, such as beneficial owner, authorised representative and associated party.
This Privacy Policy covers the following areas:
1. What personal data we collect
2. Purpose and lawfulness of processing your personal data
3. Who we may disclose your personal data
4. How we protect your personal data
5. How long we keep your personal data
6. Your privacy rights
7. Cookies
8. How changes to the Privacy Policy and the Cookies policy will be made
9. Contacting us or the data protection authority
1. What personal data we collect.
Personal data is in most cases either collected directly from you, a third party acting on your behalf, a third party that you represent, or generated as part of your use of our services and products. Sometimes additional information is required to keep information up to date or to verify information we collect.
The personal data we might collect can be grouped into the following categories:
• Identification information: national identification number and name. We are obliged to collect documentation of such information when entering into a contractual relationship, for instance in the form of copies of your passport, driver’s license, or the like.
• Contact information: email address, phone numbers and addresses and other typical business card information. For most individuals, work- as opposed to private contact information is the only contact information we collect, process or control.
• Financial information: type of agreement, transaction information, account information.
• Information related to legal requirements: country of taxation or foreign tax payer reference, customer/company due diligence and anti-money laundering requirements.
Personal data we may collect from you:
We may collect and keep information you provide directly to us. For example, when becoming a representative or contact of a customer or collaboration partner, we collect personal data, such as name, e-mail address and phone number. In some cases, also national identification number for verification purposes. For existing private customers, income and debt information has also been collected to be able to provide you with the product or service in question.
We may also collect and keep information which you provide us with, such as messages you have sent us, e.g. feedback or a request in our digital channels. Telephone calls and chat conversations with you may also be recorded and logged for compliance reasons and for verification of orders, documentation, and for purposes of improving the quality of the services we provide. For security purposes, we may have cameras in our offices.
Personal data we may collect from third parties:
We may collect information that is publicly available and that can be retrieved from external sources; such as in registers held by governmental agencies (tax authorities, company registration offices, enforcement authorities), sanction lists (held by international organisations such as the EU and UN as well as national organisations such as Office of Foreign Assets Control (OFAC)), registers held by other commercial information providers providing information on e.g. beneficial owners and politically exposed persons.
In connection with payments, we collect information from remitters, banks, payment service providers and others.
We may also collect information from other entities within NAM, the Nordea Group or other entities which we collaborate with.
2. Purpose and lawfullness of processing your personal data
We use your personal data to comply with legal and contractual obligations as well as to provide you with information on products and services.
Entering into and administration of service and product agreements (performance of a contract)
The main purpose of our processing of personal data in this regard is to collect, verify, and process personal data prior to giving an offer and entering into a contract with relevant stakeholders as well as documenting, administering and completing tasks for the performance of contracts.
Examples of the performance of a contract:
• processes needed concerning e.g. subscription and redemption of funds
• customer service during the contract period, e.g. reporting on performance of a product
Fulfilment of legal obligations
In addition to the performance of contract, processing of personal data also takes place for us to fulfil obligations under law, regulations or authority decisions.
Examples of processing due to legal obligations:
• Know Your Customer requirements
• Preventing, detecting, and investigating money laundering, terrorist financing, and fraud
• Sanctions screening
• Reporting to tax authorities, police authorities, enforcements authorities, supervisory authorities
• Market opening for funds in some emerging market countries
• Other obligations related to service or product specific legislations, for example securities or funds
Marketing, product- and customer analysis (legitimate interest)
Personal data is also processed in the context of business to business marketing. This is to deliver requested information, improve our product range and optimize our customer offerings.
IT security and development (legitimate interest)
Systems and means of processing needed to deliver services and products to you are continuously being developed and internally tested to ensure the ongoing confidentiality, integrity, availability and resilience. The testing process is by design limited to key identifiers necessary to perform the testing and all other directly or indirectly identifiable personal information are masked.
Compliance with applicable financial industry secrecy obligations are ensured in all cases.
Profiling and Automated decision-making
NAM entities use profiling and automated decision making to detect, prevent and investigate money laundering, terrorist financing, and fraud following Know Your Customer and sanction screening requirements.
3. Who we disclose your personal data to
We may share your personal data with others such as public authorities, NAM entities, Nordea Group companies, suppliers, service providers and business partners. Before sharing we will always ensure that we respect applicable financial industry secrecy obligations and that we comply with applicable data protection regulation.
Third parties and Nordea Group companies
To provide our services, we may disclose data about you that is necessary to identify you and perform an assignment or agreement with companies that we cooperate with (such as a custodian bank) to perform our services.
We may also disclose personal data to authorities to the extent we are under statutory obligation to do so. Such authorities include national tax authorities, police authorities, enforcement authorities and supervisory authorities.
In addition, data may be disclosed, with your consent or if this is permitted pursuant to legislation, internally in NAM entities or Nordea Group and to external business partners (including correspondent banks, other banks, vendor partners of finance object and re-insurers).
We have entered into agreements with selected suppliers, which include processing of personal data on behalf of us. Examples thereof are suppliers of IT development, maintenance, hosting and support.
Third country transfers
In some cases, we may also transfer personal data to entities as referenced above in so-called third countries (countries outside of the European Economic Area). Such transfers may be made if any of the following conditions apply:
• The European Commission has decided that there is an adequate level of protection in the country in question
• Other appropriate safeguards have been taken, for example the use of the standard contractual clauses (EU model-clauses) approved by the European Commission or the data processor has valid Binding Corporate Rules (BCR) in place
• Exceptions in special situations, such as to fulfil a contract with you or you consent to the specific transfer.
You can access a copy of the relevant EU model-clauses used by Nordea for transfers by going to www.eur-lex.europa.eu and search for 32010D0087
4. How we protect your personal data
Keeping your personal data safe and secure is important to our business. We use appropriate technical, organizational and administrative security measures to protect any information we obtain from loss, misuse, and unauthorized access, disclosure, alteration and destruction.
5. How long we process your personal data
We will keep your data for as long as it is needed for the purposes for which your data was collected and processed or required by laws and regulations.
In case we keep your data for other purposes than for the performance of a contract, such as for anti-money laundering, B2B marketing, bookkeeping and regulatory capital adequacy requirements, we keep the data only if necessary and/or mandated by laws and regulations for the respective purpose.
Keep in mind that retention obligations may differ within NAM, subject to applicable local legislation.
6. Your privacy rights
You as a data subject have rights in respect of personal data we process concerning you. You have the following rights;
Request access to your personal data
You have a right to access to the personal data we are processing about you. Your right to access may, however, be restricted by legislation, protection of other persons’ privacy and consideration for NAM’s business concept and business practices. NAM’s know-how, business secrets as well as internal assessments and material may restrict your right of access.
Request correction of incorrect or incomplete data
If relevant data is incorrect or incomplete, you are entitled to have the data rectified, subject to any restrictions in legislation.
Request erasure
You have the right to request erasure of your data in case:
• You withdraw your consent to the processing and there is no other legitimate reason for processing
• You object to the processing and there is no justified reason for continuing the processing
• You object to processing for direct marketing
• Processing is unlawful
• When processing personal data on minors, if the data was collected in connection with the provision of information society services
Due to the financial sector legislation we are in many cases obliged to retain personal data concerning you during your customer relationship, and even after that, e.g. to comply with a statutory obligation or where processing is carried out to manage legal claims.
Request limitation on processing of personal data
If you contest the correctness of the data which we have registered about you or lawfulness of processing, or if you have objected to the processing of the data in accordance with your right to object, you may request us to restrict the processing of these data to only storage. The processing will only be restricted to storage, until the correctness of the data can be established, or it can be checked whether our legitimate interests override your interests.
If you are not entitled to erasure of the data which we have registered about you, you may instead request that we restrict the processing of these data to only storage. If the processing of the data which we have registered about you is solely necessary to assert a legal claim, you may also demand that other processing of these data be restricted to storage. We may process your data for other purposes if this is necessary to assert a legal claim or if you have granted your consent to this.
Object to processing based on our legitimate interest
You can always object to the processing of personal data concerning you for direct marketing and profiling in connection to such marketing.
Withdraw consent(s) previously given to us at any time
Withdrawal will not affect the lawfulness of processing based on that consent before the withdrawal. Withdrawing consent to processing of personal data needed in order to deliver services and products to you may result in the termination of contractual engagements.
Request data portability
You have a right to receive personal data that you have provided to us in a machine-readable format. This right applies to personal data processed only by automated means and on the basis consent or of fulfilling a contract. Where secure and technically feasible, we may also transmit the data to another data controller.
File complaint with supervisory authorities
You have the right to file a complaint with the supervisory authority in the member state of your habitual residence, place of work or place of the alleged infringement if you believe that the processing of personal data relating to you is unlawful.
Your request to exercise your rights as listed above will be assessed given the circumstances in the individual case.
7. Cookies
We collect, process and analyse data regarding the use of our webpages. Traffic data is data connected to visitors on the webpage and data handled in communication fields for sending, distributing or making messages available.
We use cookies and similar technologies to deliver products and services to you, provide a secure online environment, manage our marketing and provide a better online experience, track our website
performance and to make our website content more relevant to you. The data will not be used to identify individual visitors.
You can set or amend your web browser controls to accept or reject cookies. If you choose to reject cookies, you may still use our websites and some services, however your access to some functionality and areas of our website or services may be restricted substantially.
For more information, see cookies at the footer of our local website Nordea.lu or Nordea.com/am.
8. How changes to this Privacy Policy and the Cookies policy will be made
We are constantly working on improving and developing our services, products and websites. Consequently, we may change this Data Privacy Policy from time to time. We will not reduce your rights under this Data Privacy Policy or under applicable data protection laws in the jurisdictions we operate. If the changes to the Data Privacy Policy are significant, we will provide a notice when we are required to do so by applicable law. Please review this Data Privacy Policy from time to time to stay updated on any changes.
9. Contact us
If you have any questions regarding this policy (e.g. regarding your rights, their use or contact information of relevant Data Protection Authorities), please contact the NAM Data Protection Office directly by sending your message to [email protected] or by sending a letter to: Nordea Asset Management, Data Protection Office, c/o Strandgade 3, PO Box 850, 0900 København K, Denmark.
Provision on the modification of terms & conditions:
Nordea Investment Funds S.A. (NIFSA) reserves the right to modify these terms and conditions on this website at any time, with immediate effect and without prior notice. If the terms and conditions are amended you will be required to read and accept these terms and conditions again.
Restrictions of Website:
The information on this website should not be accessed by any person or entity in any jurisdiction or country where, by reason of that person’s nationality, residence or otherwise, the publication or availability of this website is prohibited. Persons accessing this website are required to inform themselves about and observe any relevant restrictions. NIFSA does not accept any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. NIFSA cannot be held responsible for any damages or losses that occur from transactions and/or services in violation of the relevant rules of the purchaser’s home jurisdiction. This website is in particular exclusively reserved for non-US Persons*. The information in this website is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of US Persons.”
* US Persons are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US citizens living abroad may also be deemed “US Persons” under certain rules.
Issuer of the website:
This website is issued and operated by Nordea Investment Funds S.A. (NIFSA), 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, which is authorized by the Luxembourg supervisory authority Commission de Surveillance du Secteur Financier in Luxembourg. NIFSA is registered with the commercial register in Luxembourg (Registre de commerce et des sociétés; or “RCS”) under company number B 31619.
MiFID:
Please note that UCITS management companies, which do not provide additional and non-core services within the meaning of article 5(3) of the UCITS Directive in principle are not covered by MiFID rules (EU Directive 2014/65/EU, dated 15 May 2014, on markets in financial instruments and its implementing measures). Therefore does NIFSA not warrant or guarantee that the materials and information contained on this website are compliant with the marketing requirements of the MiFID Directive, except where compelled by local laws and regulations.
Qualification of the website:
This website is considered marketing communication and contains general information about NIFSA, the NIFSA managed funds which are available to your investor type and in your country/jurisdiction and Nordea Asset Management. This website does neither amount to an investment advice nor does it constitute i) a recommendation to invest in any financial product, investment structure or instrument, ii) tax advice, to enter into or unwind any transaction or to participate in any particular trading strategy. This website is not an offer to buy any security. Consequently, the information contained herein will be superseded in its entirety by contractual arrangement in its final form entered into for the purpose of an investment in a NIFSA managed fund. Any investment decision should therefore only be based on the final legal documentation, without limitation and if applicable, contractual arrangement, any relevant prospectus and the latest Key Investor Information Document (KIID) relating to the investment.
Information about the funds and availability of the statutory documents:
The sub-funds mentioned on this website are part of the following investment fund:
UCITS-SICAV:
Nordea 1, SICAV, all open-ended Luxembourg-based investment company with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”), validly incorporated and existing in accordance with Part I of the Luxembourg law of 17 December 2010 on undertakings for collective investment in transferable securities (Law of 17 December 2010);
The legal documents, including the current prospectus and Key Investor Information Document (KIID), are available in English and in the local language of the market where the aforementioned funds are authorised for distribution, without charge upon request, from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, or from our distributors. Further information can be obtained from your financial advisor. He/she can advise you independently on Nordea Investment Funds S.A. and the funds managed by it.
Local specific provisions:
This website is only for investors in Luxembourg.
Generic statement about risks, performance and comparisons:
The value of shares/units of the funds mentioned herein and any income from them may vary over time and you may not recover the invested amount.
Investments in derivative and foreign exchange transactions may be subject to significant fluctuations which may affect the value of an investment. Investments in Emerging Markets and alternative products involve a higher element of risk. For further details of investment risks associated with Nordea funds, please refer to the relevant prospectus or Key Investor Information Document (KIID), where applicable, available as described above. For further details of investment risks associated with each respective sub-fund investment, please refer to the relevant Key Investor Information Document (KIID), available as described above.
Estimates of future returns or indications of past performance shown on this website are for information purposes only and are not reliable indicators for future performance. Past performance is not a reliable indicator of future results and investors may not recover the full amount invested. There can be no warranty that an investment objective, targeted returns and results of an investment structure is achieved. Comparison with other financial products or benchmarks is only meant for indicative purposes.
Tax matters:
The levels of and relief from taxation of both, the fund and/or the individual investor may change. Investors should take into account their tax status together with the effects of any anticipated investment. The tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future.
Limitation of liability regarding accuracy / completeness of the information:
Whilst NIFSA will use every reasonable effort to ensure that the information contained on this website is accurate as at the date of publication of such materials, can no guarantee of the accuracy, suitability or completeness of any such information or the availability be given.
Neither NIFSA nor any other person accepts any liability whatsoever for any loss/damage (direct or consequential) arising from any use of this website or its contents, to third (3rd) party websites or otherwise arising in connection therewith.
Provision about specific content and functionalities e.g. views / research / hyperlink to third (3rd) party:
The website of NIFSA may contain links to other third-party websites that you may access following links from this website. NIFSA accepts no responsibility for the information provided on any such sites and assumes no responsibility for any illegal, inaccurate or incomplete content on the website to which the user has been referred, especially in cases where any damages result from the use or non-use of such incorrect information.
The hyperlinks on this website are only provided for convenience and information purposes. NIFSA is not responsible for the content of external internet websites that link to or are accessible from this website. NIFSA does not assume any responsibility or liability with respect to any website accessed through this website.
Unless otherwise stated, all views expressed are those of NIFSA, these views do not constitute investment or any other advice.
Copyright provisions:
The entire content of this website is subject to copyright with all rights reserved to Nordea Investment Funds S.A. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of NIFSA.
AML & CTF provisions:
Nordea Investment Funds S.A. is committed to prevent Money Laundering and Counter Terrorist Financing in accordance with the legal framework enforced by the European Union (“equivalent country”) and in particular with the Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Accordingly we may need additional information to verify your identity and carry out appropriate security checks.
Operational capabilities of the website:
NIFSA will use every reasonable effort to keep this website operational at all times but no guarantee can be given. Whilst NIFSA uses every reasonable effort to ensure that the website is free from viruses and defects is it your responsibility to ensure that the correct equipment is used to protect from anything that might damage it when using this website.
Email provisions:
The user of the website is reminded that the confidentiality of e-mail messages sent via the public network cannot be guaranteed. We recommend the user to avoid forwarding personal data or other confidential messages to NIFSA via e-mail. NIFSA or other service providers are not liable to carry out orders or instructions submitted via public e-mail. NIFSA is entitled, if requested by the user, to provide general information via e-mail to the e-mail address defined by the user. NIFSA shall neither be responsible nor liable for losses or damages occurred by any disappearance or transformation of such a message.
January 2019
Nordea Asset Management Data Privacy Policy
We, Nordea Asset Management, are fully committed to protecting your individual rights and keeping your personal data safe. In this Privacy Policy we describe the collection, usage, storage and sharing practices of personal data.
Nordea Asset Management (“NAM”) is the functional name of the asset management business owned by NAM Holding and conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Management AB and their branches, subsidiaries and representative offices. Within NAM, the data controller will be either Nordea Investment Management AB and/or Nordea Investment Funds S.A or their subsidiaries.
You can visit https://www.nordea.com/en/about-nordea/contact/ for a full overview of Nordea entities and their current contact information.
We process individuals’ personal data for a number of reasons. When we write «you», we mean you as a data subject in your role as a customer, our customer’s employee or representative, a potential customer’s employee, collaboration partner, insight provider or other, such as beneficial owner, authorised representative and associated party.
This Privacy Policy covers the following areas:
1. What personal data we collect
2. Purpose and lawfulness of processing your personal data
3. Who we may disclose your personal data
4. How we protect your personal data
5. How long we keep your personal data
6. Your privacy rights
7. Cookies
8. How changes to the Privacy Policy and the Cookies policy will be made
9. Contacting us or the data protection authority
1. What personal data we collect.
Personal data is in most cases either collected directly from you, a third party acting on your behalf, a third party that you represent, or generated as part of your use of our services and products. Sometimes additional information is required to keep information up to date or to verify information we collect.
The personal data we might collect can be grouped into the following categories:
• Identification information: national identification number and name. We are obliged to collect documentation of such information when entering into a contractual relationship, for instance in the form of copies of your passport, driver’s license, or the like.
• Contact information: email address, phone numbers and addresses and other typical business card information. For most individuals, work- as opposed to private contact information is the only contact information we collect, process or control.
• Financial information: type of agreement, transaction information, account information.
• Information related to legal requirements: country of taxation or foreign tax payer reference, customer/company due diligence and anti-money laundering requirements.
Personal data we may collect from you:
We may collect and keep information you provide directly to us. For example, when becoming a representative or contact of a customer or collaboration partner, we collect personal data, such as name, e-mail address and phone number. In some cases, also national identification number for verification purposes. For existing private customers, income and debt information has also been collected to be able to provide you with the product or service in question.
We may also collect and keep information which you provide us with, such as messages you have sent us, e.g. feedback or a request in our digital channels. Telephone calls and chat conversations with you may also be recorded and logged for compliance reasons and for verification of orders, documentation, and for purposes of improving the quality of the services we provide. For security purposes, we may have cameras in our offices.
Personal data we may collect from third parties:
We may collect information that is publicly available and that can be retrieved from external sources; such as in registers held by governmental agencies (tax authorities, company registration offices, enforcement authorities), sanction lists (held by international organisations such as the EU and UN as well as national organisations such as Office of Foreign Assets Control (OFAC)), registers held by other commercial information providers providing information on e.g. beneficial owners and politically exposed persons.
In connection with payments, we collect information from remitters, banks, payment service providers and others.
We may also collect information from other entities within NAM, the Nordea Group or other entities which we collaborate with.
2. Purpose and lawfullness of processing your personal data
We use your personal data to comply with legal and contractual obligations as well as to provide you with information on products and services.
Entering into and administration of service and product agreements (performance of a contract)
The main purpose of our processing of personal data in this regard is to collect, verify, and process personal data prior to giving an offer and entering into a contract with relevant stakeholders as well as documenting, administering and completing tasks for the performance of contracts.
Examples of the performance of a contract:
• processes needed concerning e.g. subscription and redemption of funds
• customer service during the contract period, e.g. reporting on performance of a product
Fulfilment of legal obligations
In addition to the performance of contract, processing of personal data also takes place for us to fulfil obligations under law, regulations or authority decisions.
Examples of processing due to legal obligations:
• Know Your Customer requirements
• Preventing, detecting, and investigating money laundering, terrorist financing, and fraud
• Sanctions screening
• Reporting to tax authorities, police authorities, enforcements authorities, supervisory authorities
• Market opening for funds in some emerging market countries
• Other obligations related to service or product specific legislations, for example securities or funds
Marketing, product- and customer analysis (legitimate interest)
Personal data is also processed in the context of business to business marketing. This is to deliver requested information, improve our product range and optimize our customer offerings.
IT security and development (legitimate interest)
Systems and means of processing needed to deliver services and products to you are continuously being developed and internally tested to ensure the ongoing confidentiality, integrity, availability and resilience. The testing process is by design limited to key identifiers necessary to perform the testing and all other directly or indirectly identifiable personal information are masked.
Compliance with applicable financial industry secrecy obligations are ensured in all cases.
Profiling and Automated decision-making
NAM entities use profiling and automated decision making to detect, prevent and investigate money laundering, terrorist financing, and fraud following Know Your Customer and sanction screening requirements.
3. Who we disclose your personal data to
We may share your personal data with others such as public authorities, NAM entities, Nordea Group companies, suppliers, service providers and business partners. Before sharing we will always ensure that we respect applicable financial industry secrecy obligations and that we comply with applicable data protection regulation.
Third parties and Nordea Group companies
To provide our services, we may disclose data about you that is necessary to identify you and perform an assignment or agreement with companies that we cooperate with (such as a custodian bank) to perform our services.
We may also disclose personal data to authorities to the extent we are under statutory obligation to do so. Such authorities include national tax authorities, police authorities, enforcement authorities and supervisory authorities.
In addition, data may be disclosed, with your consent or if this is permitted pursuant to legislation, internally in NAM entities or Nordea Group and to external business partners (including correspondent banks, other banks, vendor partners of finance object and re-insurers).
We have entered into agreements with selected suppliers, which include processing of personal data on behalf of us. Examples thereof are suppliers of IT development, maintenance, hosting and support.
Third country transfers
In some cases, we may also transfer personal data to entities as referenced above in so-called third countries (countries outside of the European Economic Area). Such transfers may be made if any of the following conditions apply:
• The European Commission has decided that there is an adequate level of protection in the country in question
• Other appropriate safeguards have been taken, for example the use of the standard contractual clauses (EU model-clauses) approved by the European Commission or the data processor has valid Binding Corporate Rules (BCR) in place
• Exceptions in special situations, such as to fulfil a contract with you or you consent to the specific transfer.
You can access a copy of the relevant EU model-clauses used by Nordea for transfers by going to www.eur-lex.europa.eu and search for 32010D0087
4. How we protect your personal data
Keeping your personal data safe and secure is important to our business. We use appropriate technical, organizational and administrative security measures to protect any information we obtain from loss, misuse, and unauthorized access, disclosure, alteration and destruction.
5. How long we process your personal data
We will keep your data for as long as it is needed for the purposes for which your data was collected and processed or required by laws and regulations.
In case we keep your data for other purposes than for the performance of a contract, such as for anti-money laundering, B2B marketing, bookkeeping and regulatory capital adequacy requirements, we keep the data only if necessary and/or mandated by laws and regulations for the respective purpose.
Keep in mind that retention obligations may differ within NAM, subject to applicable local legislation.
6. Your privacy rights
You as a data subject have rights in respect of personal data we process concerning you. You have the following rights;
Request access to your personal data
You have a right to access to the personal data we are processing about you. Your right to access may, however, be restricted by legislation, protection of other persons’ privacy and consideration for NAM’s business concept and business practices. NAM’s know-how, business secrets as well as internal assessments and material may restrict your right of access.
Request correction of incorrect or incomplete data
If relevant data is incorrect or incomplete, you are entitled to have the data rectified, subject to any restrictions in legislation.
Request erasure
You have the right to request erasure of your data in case:
• You withdraw your consent to the processing and there is no other legitimate reason for processing
• You object to the processing and there is no justified reason for continuing the processing
• You object to processing for direct marketing
• Processing is unlawful
• When processing personal data on minors, if the data was collected in connection with the provision of information society services
Due to the financial sector legislation we are in many cases obliged to retain personal data concerning you during your customer relationship, and even after that, e.g. to comply with a statutory obligation or where processing is carried out to manage legal claims.
Request limitation on processing of personal data
If you contest the correctness of the data which we have registered about you or lawfulness of processing, or if you have objected to the processing of the data in accordance with your right to object, you may request us to restrict the processing of these data to only storage. The processing will only be restricted to storage, until the correctness of the data can be established, or it can be checked whether our legitimate interests override your interests.
If you are not entitled to erasure of the data which we have registered about you, you may instead request that we restrict the processing of these data to only storage. If the processing of the data which we have registered about you is solely necessary to assert a legal claim, you may also demand that other processing of these data be restricted to storage. We may process your data for other purposes if this is necessary to assert a legal claim or if you have granted your consent to this.
Object to processing based on our legitimate interest
You can always object to the processing of personal data concerning you for direct marketing and profiling in connection to such marketing.
Withdraw consent(s) previously given to us at any time
Withdrawal will not affect the lawfulness of processing based on that consent before the withdrawal. Withdrawing consent to processing of personal data needed in order to deliver services and products to you may result in the termination of contractual engagements.
Request data portability
You have a right to receive personal data that you have provided to us in a machine-readable format. This right applies to personal data processed only by automated means and on the basis consent or of fulfilling a contract. Where secure and technically feasible, we may also transmit the data to another data controller.
File complaint with supervisory authorities
You have the right to file a complaint with the supervisory authority in the member state of your habitual residence, place of work or place of the alleged infringement if you believe that the processing of personal data relating to you is unlawful.
Your request to exercise your rights as listed above will be assessed given the circumstances in the individual case.
7. Cookies
We collect, process and analyse data regarding the use of our webpages. Traffic data is data connected to visitors on the webpage and data handled in communication fields for sending, distributing or making messages available.
We use cookies and similar technologies to deliver products and services to you, provide a secure online environment, manage our marketing and provide a better online experience, track our website
performance and to make our website content more relevant to you. The data will not be used to identify individual visitors.
You can set or amend your web browser controls to accept or reject cookies. If you choose to reject cookies, you may still use our websites and some services, however your access to some functionality and areas of our website or services may be restricted substantially.
For more information, see cookies at the footer of our local website Nordea.lu or Nordea.com/am.
8. How changes to this Privacy Policy and the Cookies policy will be made
We are constantly working on improving and developing our services, products and websites. Consequently, we may change this Data Privacy Policy from time to time. We will not reduce your rights under this Data Privacy Policy or under applicable data protection laws in the jurisdictions we operate. If the changes to the Data Privacy Policy are significant, we will provide a notice when we are required to do so by applicable law. Please review this Data Privacy Policy from time to time to stay updated on any changes.
9. Contact us
If you have any questions regarding this policy (e.g. regarding your rights, their use or contact information of relevant Data Protection Authorities), please contact the NAM Data Protection Office directly by sending your message to [email protected] or by sending a letter to: Nordea Asset Management, Data Protection Office, c/o Strandgade 3, PO Box 850, 0900 København K, Denmark.
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Go to Home PageNordea 1 – European Value Fund
A unique and successful long-term value approach
• Invests in companies with significant margin of safety (40%) based on the team’s assessment of the intrinsic value
• A high conviction portfolio with low turnover, driven by a disciplined bottom-up stock selection process
• One of the longest track records in European Equities, with the same portfolio manager and investment philosophy since November 1998
Fund Manager: Mensarius A.G.
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – European Small and Mid Cap Equity Fund
A disciplined process to identify high quality growing companies
• Solid fundamental analysis to examine companies neglected by analysts in markets with recurring information inefficiencies
• A repeatable approach driven by a structured process
• A concentrated portfolio (45-65 holdings) that captures the best ideas
Fund Manager: European Equities Small and Mid Cap Team / Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Nordic Ideas Equity Fund
Access the most attractive investment ideas in the Nordic universe
• Nordic equities have historically offered higher returns than European equities
• A focused bottom-up approach to enhance stock selection’s alpha generation
• A unique all cap high conviction strategy to unveil the best investment stories across Nordic equities
Fund Manager: Nordea Nordic, Finnish and Swedish Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Nordic Equity Small Cap Fund
Invest in one of the world’s most future-oriented, innovative and prosperous regions
• Get exposure to strong domestic economies, supported by stable political systems
• A stable investment team with a track record of more than 10 years
• Benefits from Nordea’s leading financial institution position within the Nordic region to discover the leading companies of tomorrow
Fund Manager: Nordea Nordic, Finnish and Swedish Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – European Stars Equity Fund
A true European equity solution combining fundamental research with a detailed ESG analysis
• Long term bottom-up stock picking approach with a strong focus on valuation
• Focused on identifying companies able to generate sustainable shareholder value over the long term
• Detailed ESG analysis and active impact engagement performed by our in-house independent Responsible Investment team
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – North American Value Fund
• High conviction equity portfolio (20 – 30 stocks), seeking the current most attractive risk/reward opportunities
• An all capitalization and unconstrained solution
• Bottom-up approach performed by an experienced investment team dedicated to value discipline, 10 years track record
Fund Manager: River Road Asset Management
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – North American Small Cap Fund
• High conviction and diversified equity portfolio with 60 to 70 small caps with market capitalization between $50m and $4bn
• Value approach seeking well-managed, financially strong companies that generate predictable and sustainable cash flows, trading at attractive discounts
• Bottom-up approach performed by an experienced investment team dedicated to value discipline, 20 years track record
Fund Manager: River Road Asset Management
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Global Stars Equity Fund
A true Global equity solution combining fundamental research with a detailed ESG analysis
• Long term bottom-up stock picking approach with a strong focus on valuation
• Focused on identifying companies able to generate sustainable shareholder value over the long term
• Detailed ESG analysis and active impact engagement performed by our in-house independent Responsible Investment team
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Global Stable Equity Fund (GSEF)
Nordea 1 – Global Stable Equity Fund – Euro Hedged (GSEF-EH)*
Lower risk and better returns are possible
• Gain exposure to global equity markets with good downside protection
• A diversified portfolio of high quality stocks with an attractive valuation
• A unique investment process based on “Stable Equities” with a lower volatility profile
*Investments in the fund are hedged into EUR
Fund Manager: Stable Equities Team / Nordea Multi Assets Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Global Climate and Environment Fund
Climate Solutions that drive returns
• Climate change represents an attractive investment opportunity
• Investing in resource efficiency is a vital part of shifting to a more sustainable society
• Focusing on companies that use their talent and innovation to make a positive difference can generate attractive returns
• Since 2008, Nordea has been at the forefront of this mega trend
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Emerging Wealth Equity Fund *
Invest in one of the strongest and most sustainable trends in coming decades
• A global equity fund designed to benefit from Emerging Markets’ (EM) rising middle-class
• A solution to access EM growth potential with a “defensive approach”
• Uses a fundamental bottom-up investment process to identify companies able to cater to EM consumers’ appetite
Fund Manager: GW&K Investment Management LLC
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
*With effect as of 13.11.2019 the sub-fund is renamed from Nordea 1 – Emerging Consumer Fund to Nordea 1 – Emerging Wealth Equity Fund and the investment policy of the sub-fund was modified.
Nordea 1 – Emerging Stars Equity Fund
A true Global Emerging Markets equity solution
• A pure bottom-up, high quality portfolio with a GARP bias
• Focused on identifying companies able to generate sustainable shareholder value over the long term
• Integrates ESG analysis as a risk management tool: a core GEM solution, not an ethical fund
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Emerging Markets Focus Equity Fund
Invest in the next generation of EM leading companies
• A pure bottom-up, high quality portfolio with a GARP bias
• Focused on identifying companies able to generate sustainable shareholder value over the long term
• Able to find opportunities across all market capitalizations
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Stable Emerging Markets Equity Fund
Invests in emerging markets with a safety belt
• Offers exposure to emerging equity markets with good downside protection
• A diversified portfolio of high quality stocks with an attractive valuation
• A unique investment process based on “Stable Equities”, with a lower volatility profile
Fund Manager: Stable Equities / Nordea Multi Assets Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Emerging Markets Small Cap Fund
Direct access to domestic growth in high-growth economies
• Exposure to the local consumer and domestic economies
• Benefits from the theme of the “rising middle class”
• A superior expected growth with lower volatility than emerging markets Large Caps
Fund Manager: CopperRock Capital Partners LLC
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Latin American Equity Fund
Consistent alpha generation thanks to a highly experienced investment manager
• Latin America offers strong growth potential with a larger liquidity than many other EM regions
• One of the region’s largest and best regarded equity research teams having a deep knowledge of local stock markets
• A rigorous bottom-up approach with a top-down overlay
Fund Manager: Itaú Asset Management Inc.
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Indian Equity Fund
Specialised local knowledge makes a difference
• Managed by ICICI Prudential AM, the largest local asset management company in India, specialised in managing and advising “India Only” assets
• Follows a blended investment process which combines a counter-cyclical top-down view with an all cap bottom-up approach
• Presents a viable alternative to broader EM investing
Fund Manager: ICICI Prudential Asset Mgmt. Co Ltd
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – US Total Return Bond Fund
Benefit from the attractive income and high quality of Mortgage-Backed Securities (MBS)
• Invests exclusively in MBS, a low volatility but complex asset class
• Managed by MBS expert, DoubleLine, to capture the inefficiencies within and across subsectors of the mortgage market
• Barbell approach to balance interest rate risk and credit risk through Agency and non-Agency MBS
Fund Manager: DoubleLine Capital, LP
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – US Bond Opportunities Fund
A high quality portfolio leveraging sector allocation to build risk-adjusted returns
• A US Fixed Income asset allocation solution offering higher risk adjusted returns than single US Fixed Income asset class
• Offers attractive yield pick-up by expanding the universe and allocating to non-traditional bond sectors without compromising risk exposure
• Builds on the expertise of DoubleLine’s Asset Allocation Committee and specialised bond pickers within each sector
Fund Manager: DoubleLine Capital, LP
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Emerging Market Bond Fund (EMBF)
Nordea 1 – Emerging Market Bond Opportunities Fund (EMBOF)
A significant yield pick-up in today’s low yield environment
• A highly experienced and stable team managing EM Debt for more than 20 years
• An unrivalled collaborative investment approach between portfolio managers and senior in-house economists with a global network, leading to a striking track record
• Available as a hard currency only vehicle or a hard and local opportunistic blend portfolio
Fund Manager: PGIM Limited
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – European Covered Bond Fund – ECVBF
Nordea 1 – Low Duration European Covered Bond Fund – LDECVBF
Nordea 1 – European Covered Bond Opportunities Fund – ECVBOP
The alternative to the low European government bond yield environment
• Combines a high degree of safety with attractive yield levels
• A high credit quality thanks to dual recourse with legal claim on issuers and collateral pools and no default history
• An experienced investment team with an extensive market knowledge and a proven track record
Fund Manager: Nordea Danish Fixed Income & Euro Covered Bond Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Danish Covered Bond Fund
Safe investments with attractive yields still exist
• A high quality portfolio (AAA) with decent yields, good diversification characteristics and attractive returns
• A highly liquid bond market which has not experienced any default in the last 200 years
• An experienced investment team with extensive knowledge of the Danish covered bond market and a proven track record
Fund Manager: Danish Fixed Income & Euro Covered Bond Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus. With effect as of 19 June 2019 the sub-fund is renamed from Nordea 1 – Danish Mortgage Bond Fund to Nordea 1 – Danish Covered Bond Fund.
Nordea 1 – Norwegian Bond Fund (NBF), Nordea 1 – Norwegian Short-Term Bond Fund (NSTBF)
Nordea 1 – Swedish Bond Fund (SBF), Nordea 1 – Swedish Short-Term Bond Fund (SSTBF)
Diversify your portfolio away from the Euro denominated debt
• A portfolio of local corporate, sovereign, municipal and covered bonds based on a disciplined and focused investment process
• Sole focus on high quality credits (investment grade) in local currency and independent credit analysis for more than two decades
• Managed successfully by Nordea’s dedicated and local Fixed Income Teams based in Bergen (Norway) and Stockholm (Sweden)
Fund Manager: Nordea Norwegian Fixed Income Team & Nordea Swedish Fixed Income Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – European Financial Debt Fund
Target high yield like returns investing selectively in European financial debt
• Invests in banking and insurance debt securities
• High flexibility: no benchmark, no rating limits, no seniority limits
• A dedicated bottom-up approach fitting the complexity of financial credits
Fund Manager: Nordea Credit Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – US Corporate Bond Fund
Focusing on avoiding the losers
• Managed by an experienced and stable team which has worked together for over two decades
• A blend of bottom-up and top-down to eliminate uncompensated risk with the ability to shorten duration risk to protect against a rising rate environment
• Flexibility to invest up to 10% in High Yield
Fund Manager: MacKay Shields LLC
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – European Cross Credit Fund
Play the high yield market defensively
• Invests in the crossover universe to benefit from structural inefficiencies
• A defensive high yield fund investing in BBB+ to B- rating categories with no exposure to financials
• A bottom-up approach aiming to identify credits with solid fundamentals
Fund Manager: Nordea Credit Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – European High Yield Bond Fund
Exploit market inefficiencies by focusing on company specific analysis
• Managed by one of the most experienced and successful European high yields teams
• Uses a bottom-up credit selection investment process focusing on fundamental valuation and disciplined downside risk management
• A strong conviction portfolio based on Portfolio Managers’ profound knowledge of issuers and markets
Fund Manager: Capital Four Management A/S
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Global High Yield Bond Fund (GHYBF)
Nordea 1 – US High Yield Bond Fund (USHYBF)
Achieve attractive risk-adjusted returns by eliminating uncompensated risk
• A successful and highly-experienced investment team in the High Yield market
• A clearly articulated philosophy with an adaptive and improving investment process, combined with a defensive approach for controlling portfolio risk
• Superior long-term risk-adjusted returns for the Global Fixed Income team at MacKay Shields, particularly in market downturns
Fund Manager: MacKay Shields LLC
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Emerging Market Corporate Bond Fund
Benefit from the changing face of global corporate debt
• Offers higher yield and better fundamentals than developed market corporate bonds
• Leverages the cooperation of equity, sovereign and corporate credit analysis
• Broad experience in emerging markets debt: global reach and local presence
Fund Manager: Metlife Investment Management, LLC
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Flexible Fixed Income Fund
A total return fixed income solution focused on capital preservation
• A global-unconstrained fixed income portfolio that manages duration and credit risks flexibly
• Follows “Risk Balancing” principles to avoid depending on top-down macro biases
• Uses robust tactical asset allocation models and active currency management to protect the portfolio during market downturns
Fund Manager: Nordea Multi Assets Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Balanced Income Fund
A total return, cautious-balanced solution focused on capital preservation
• A global-unconstrained portfolio that manages duration and credit risks flexibly with a limited equity exposure
• Follows “Risk Balancing” principles to avoid depending on top-down macro biases
• Uses robust tactical asset allocation models and active currency management to protect the portfolio during market downturns
Fund Manager: Nordea Multi Assets Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Stable Return Fund
A total return, moderate-balanced solution focused on capital preservation
Fund Manager: Nordea Multi Assets Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Alpha 7 MA Fund
Nordea 1 – Alpha 10 MA Fund
Nordea 1 – Alpha 15 MA Fund
Liquid alternative solutions with different risk profiles, generating decorrelated returns to traditional asset classes
• An in-house managed multi strategy portfolio
• Relies on a diversified set of traditional and alternative risk premia
• Allocation based on risk budgeting
Fund Manager: Nordea Multi Assets Team
The above investments approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Unconstrained Bond Fund – USD Hedged
A flexible bond portfolio that manages duration and credit risk actively
• Managed by an experienced and stable team which has worked together for over two decades
• A barbell approach combining high-yielding credit opportunities and more defensive assets
• Ability to shorten the duration (less than 1 year) to protect against rising rates
Fund Manager: MacKay Shields LLC
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Global Climate and Environment Fund
Climate Solutions that drive returns
• Climate change represents an attractive investment opportunity
• Investing in resource efficiency is a vital part of shifting to a more sustainable society
• Focusing on companies that use their talent and innovation to make a positive difference can generate attractive returns
• Since 2008, Nordea has been at the forefront of this mega trend
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Global Stars Equity Fund
A true Global equity solution combining fundamental research with a detailed ESG analysis
• Long term bottom-up stock picking approach with a strong focus on valuation
• Focused on identifying companies able to generate sustainable shareholder value over the long term
• Detailed ESG analysis and active impact engagement performed by our in-house independent Responsible Investment team
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – European Stars Equity Fund
A true European equity solution combining fundamental research with a detailed ESG analysis
• Long term bottom-up stock picking approach with a strong focus on valuation
• Focused on identifying companies able to generate sustainable shareholder value over the long term
• Detailed ESG analysis and active impact engagement performed by our in-house independent Responsible Investment team
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Nordic STARS Equity Fund
A true nordic equity solution combining fundamental research with a detailed ESG analysis
• Long term bottom-up stock picking approach with a strong focus on valuation
• Focused on identifying companies able to generate sustainable shareholder value over the long term
• Detailed ESG analysis and active impact engagement performed by our in-house independent Responsible Investment team
Fund Manager: Nordea Nordic, Swedish and Finnish Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – Emerging Stars Equity Fund
A true Global Emerging Markets equity solution
• A pure bottom-up, high quality portfolio with a GARP bias
• Focused on identifying companies able to generate sustainable shareholder value over the long term
• Integrates ESG analysis as a risk management tool: a core GEM solution, not an ethical fund
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
Nordea 1 – North American STARS Equity Fund
A true Global equity solution combining fundamental research with a detailed ESG analysis
Fund Manager: Nordea Fundamental Equities Team
The above investment approach is for illustrative purpose only and may be changed at the discretion of the investment manager as long as the latter invests in accordance with the investment objective and policy as stated in the Prospectus.
The above sub funds represent our selection of products in focus. For the full list, please click here. The sub funds in focus are used as example of investments and may not be the most suitable investment for you. There might be other products more suitable for your type of investment. For more information please refer to the notices to shareholders under the Legal and regulatory section.
